SG Americas Securities LLC Sells 64,247 Shares of Aon plc $AON

SG Americas Securities LLC lessened its stake in Aon plc (NYSE:AON) by 44.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,916 shares of the financial services provider’s stock after selling 64,247 shares during the quarter. SG Americas Securities LLC’s holdings in AON were worth $25,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Wealth Watch Advisors INC bought a new stake in shares of AON in the third quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of AON during the 4th quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new stake in AON in the 4th quarter worth about $29,000. Eagle Bay Advisors LLC bought a new stake in AON in the 4th quarter valued at about $30,000. Finally, Strive Asset Management LLC purchased a new stake in AON during the third quarter valued at about $35,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of AON from $385.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. TD Cowen reaffirmed a “buy” rating on shares of AON in a report on Monday, March 16th. Mizuho lowered their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Citigroup increased their target price on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Bank of America upgraded AON from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $394.94.

AON Price Performance

Shares of NYSE:AON opened at $325.74 on Thursday. The company has a 50 day moving average of $322.65 and a 200 day moving average of $331.09. The stock has a market cap of $69.57 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.69 and a beta of 0.71. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last posted its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the company posted $5.67 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Aon plc will post 19.09 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio (DPR) is 18.00%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.